An applicant must be at least 21 years old and an Estonian citizen or a foreign national holder of a residence permit

Monthly income from €280

Excellent credit record

The maximum loan amount depends on your monthly income and obligations.

We will ask you to send us your account statement if necessary. We accept digitally signed account statements for the last six months (in bdoc format), which include information about all income and expenses. You can download it from the internet bank of your home bank. Please e-mail the statement to finants@cooppank.ee.

You can submit a loan application online, at the branches of the bank and at Coop stores nationwide.

You can sign the agreement digitally with your ID card, Smart-ID or Mobile-ID. If necessary, we will invite you to a branch of Coop Bank or a Coop store for identification before we pay out the loan. Please bring an identity document (ID card, passport or driving licence).

We will transfer the money to the your account within one working day of entry into the agreement and, if necessary, identification. The money will be received in your account the same or the next banking day after we make the transfer irrespective of the bank.

Please make the loan repayments to the Coop Finants AS account number EE384204278603522603. By making the repayment, do not forget to indicate the reference number that can be found in your contract or on e-invoice.

Every month, we will send you an e-invoice that you’ll find in the internet bank of your home bank. The e-invoice will be sent automatically to the bank to which your loan amount was transferred. We advise you to set up an e-invoice standing order, as this is the most convenient way of making the repayments.

Amendment of the agreement

Changing the payment date

The payment date can be the 1st, 5th, 10th, 15th or 20th day of the month.

Grace period

You can request a grace period if necessary. The length and the terms and conditions of the grace period are determined in consideration of your requirements and possibilities.

Early repayment

The loan can also be repaid before the deadline of the agreement.

If you would like to amend the agreement, please go to a branch of Coop Bank or send an e-mail to finants@cooppank.ee. The fee for amendment of the agreement is calculated according to the price list.

Overdue payments

If we haven’t received a repayment by its due date, we will text you a reminder that the payment must be made. The costs and default interest related to an overdue payment are calculated according to the price list. If you find that making the repayments will be a longer-lasting problem, please contact us so we can find a suitable solution together.

Before you conclude an agreement, we advise you to review the terms and conditions of the financial service and, if necessary, consult a specialist.

The annual percentage rate of charge on a small loan is 25.05% on the following sample terms: loan amount € 3000, loan term in months 36, number of repayments 36, fixed interest rate per annum 19.9% as calculated on the loan balance, agreement fee € 60, monthly administration fee € 1.50, monthly instalment € 114.16, total credit amount € 4165.67 and total of repayments € 4105.67. Small loans are provided by Coop Finants AS.

This is the website of the financial services companies Coop Pank AS, Coop Finants AS and Coop Liising AS. Before committing to an agreement read the terms and conditions of the respective service and, if necessary, consult an expert. This site uses cookies. By continuing to use the site, you are agreeing to the cookie policy.